The $145-billion dollar proposal relies on accelerated income tax payments rather than on borrowing or new taxes.
Assembly Speaker Karen Bass said she's glad the plan doesn't call for deeper cuts to some programs, but that the system needs to be changed.
It's not clear if Governor Schwarzenegger will sign the bill. He has said he would not sign a budget that didn't include long term financial solutions and his requests for a stronger savings account.
-----------------------------------------------------------------------------------------------
abc30 News Links:
Links to other news sections on our website.
- HomePage
- State News
- National/World News
- Entertainment News
- Business News
- Politics News
- Sports News
- Health Watch
- Consumer Watch
- Mr. Food
Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.
Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.
-----------------------------------------------------------------------------------------------
